Verisk sells components of Geomni geospatial unit in strategic partnership
Vexcel Imaging, aerial imagery data company, has signed an agreement with Verisk’s Geomni business to acquire the latter’s geospatial images and data library.
The agreement will combine Geomni’s imagery surveying and content-related teams and assets into Vexcel. Vexcel’s cloud-based data service powers the NICB’s Geospatial Intelligence Center program and Geomni’s fleet of fixed-wing aircraft and aerial operations, mapping business, and oblique aerial image library
“By combining forces with Verisk, we’re making a progressive move to accelerate innovation within the geospatial data industry,” shared Erik Jorgensen, chairman and CEO of Vexcel Imaging.
Vexcel and Verisk plan to maintain a partnership to provide improved support for member insurers through additional flying and processing capabilities as well as access to the newly scaled and unified geospatial library and enhanced analytics.
“Our alliance with Vexcel benefits our customers through a unified, robust, and rapidly expanding global aerial imagery library that will deepen their understanding of ground truth,” said Mark Anquillare, chief operating officer of Verisk. “The combination of Verisk’s and Vexcel’s data will provide tremendous coverage for customers and help drive Verisk’s proven ability to innovate advanced analytic solutions.”